Arthur Staple of Newsday is reporting the deal to be worth $11 million.
The Islanders acquired Clutterbuck, who was a restricted free agent, from the Minnesota Wild on June 30 in a trade Nino Niederreiter. Clutterbuck is 25 years old and has 110 points in 346 career NHL games, all with the Wild.
Clutterbuck, who played junior hockey with Islanders center John Tavares, had 10 points and a Minnesota team-high 155 hits in 42 games in 2012-13. He had two points in five games in the 2013 Stanley Cup Playoffs.
It's pretty crazy, but believe me when I say we didn't draft these players with the mindset we had to because they had good hockey-playing dads. It just turned out that way. But we're certainly glad they're a part of our organization.
— Arizona Coyotes director of amateur scouting Tim Bernhardt regarding the coincidence that six of the organization's top prospects are sons of former NHL players